Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation in home prices along with fuel and energy, according to a New York Federal Reserve survey released Monday. The central bank’s New York district reported in its monthly Survey of Consumer Expectations that the outlook
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An Emirates Airlines plane Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from the year prior. The flag carrying airline of the UAE’s glitzy commercial capital has enjoyed
USD/CHF inches higher due to a firmer US Dollar driven by cautious remarks from Fed officials. The decline in the US Treasury yields limits the advance of the Greenback. Swiss Consumer Climate (YoY) came in at the reading of -38.1 for April, compared to -38.0 prior. USD/CHF gains ground for the second successive session, trading
The USD weakened across the board yesterday following a notable miss in the US initial claims data as that added some more pressure on the USD with the market weighing the possibility that the labour market could weaken fast enough in the next months to justify more rate cuts than expected. Overall though, the price
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
On Monday, gold prices on MCX for June futures contracts opened 0.47% or Rs 342 lower to trade at Rs 72,35 per 10 grams while MCX July silver contracts were up by Rs 273 or 0.32% to Rs 84,637 per kg. Last week witnessed notable price fluctuations in both gold and silver, spurred by disappointing
New Zealand Dollar dips mildly as the new week began on a quiet note. This comes in wake of New Zealand weaker services data and the decline in short-term inflation expectations, which may provide some relief to RBNZ about the persistence of high inflation. However, the key question remains on the pace at which inflation
GBP/JPY up 0.26% on Friday, totaling a 1.74% weekly gain, now at 195.10. Technicals show upward trend, rebounding from 50-day MA at 193.50. Resistance at Kijun-Sen (195.26); breaking this could push towards 196.00 and April 26 high of 197.92. The Pound Sterling (GBP) will finish the week on a higher note against the Japanese Yen
The USD weakened across the board yesterday following a notable miss in the US initial claims data as that added some more pressure on the USD with the market weighing the possibility that the labour market could weaken fast enough in the next months to justify more rate cuts than expected. Overall though, the price
UPCOMING EVENTS: Monday: New Zealand Services PMI. Tuesday: Japan PPI, UK Labour Market Report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI, Fed Chair Powell speech. Wednesday: Australia Wage Price Index, Eurozone Industrial Production, US CPI, US Retail Sales, US NAHB Housing Market Index, PBoC MLF. Thursday: Japan GDP, Australia Labour Market Report,
Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year. FUNDAMENTALS * Spot gold was up 0.1% at $2,347.98 per ounce, as of 0046 GMT. Bullion prices have risen 2%
The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck and U.S. Secretary of State Blinken at a hotel on the Gendarmenmarkt. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images) Christoph Soeder/dpa | Picture Alliance | Getty Images After years of China
In this article DIN Follow your favorite stocksCREATE FREE ACCOUNT Scott Mlyn | CNBC Applebee’s and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. As consumers pull back their restaurant spending, Applebee’s and IHOP are fighting against a larger group of rivals than usual
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin hit newswires late Friday reaffirming a “patient” approach from the Fed will eventually reduce inflation to the US central bank’s desired target level. Key highlights The current economy calls for a deliberate and patient approach. With appropriate policy and time, inflation will hit 2%. Demand is
In the kickstart video for April 10, I take a look at three of the major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. In this report, I also take a quick look at the USDCAD after it’s stronger than expected April jobs report which showed a gain of 90.4K –
I saw this chart today (here) and didn’t believe it so I double checked the Census Bureau and it’s true. The current projection is for the US population to now peak at just-under 370 million in 2080 but with it reaching 359m in 2040, it’s a really long plateau. Given the plunge in fertility rates
After consistently trading below Rs 72,000 for the past few sessions, gold prices on MCX for June futures contracts rose by Rs 442 or 0.62% to trade at Rs 72,081 per 10 grams on the auspicious occasion of Akshaya Tritiya on Friday. Meanwhile, MCX July silver contracts were up by Rs 418 or 0.49% to
Commuters in London. Jason Alden/Bloomberg via Getty Images The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations. Economists polled by Reuters had forecast growth of 0.4% on the previous three months of the year. The U.K. entered a shallow recession in the second